South Korea's Insurance Research Institute urges reforms to auto repair labor costs and minor damage standards to ease pressure on rising auto insurance premiums, citing inefficiencies and potential savings of 87.3 billion won ($67 million).
#YonhapInfomax #InsuranceResearchInstitute #AutoInsurance #RepairCosts #LaborRates #PremiumPressure #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=95085

The Insurance Research Institute held a seminar on strengthening oversight of non-reimbursed medical services, as experts warn rising costs threaten the sustainability of South Korea’s public and private insurance systems.
#YonhapInfomax #InsuranceResearchInstitute #NonReimbursedServices #NationalHealthInsurance #IndemnityHealthInsurance #LossRatio #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=94422

South Korea's Insurance Research Institute urges financial institutions to manage systemic cyber risks through stress testing, highlighting the need for joint efforts by regulators, insurers, and corporations to quantify and mitigate the financial impact of large-scale cyber incidents.
#YonhapInfomax #CyberRisk #InsuranceResearchInstitute #StressTest #FinancialImpact #PersonalDataBreach #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=94285

South Korea's Insurance Research Institute calls for shorter license renewal periods and expanded use of safety devices for elderly drivers as accident rates rise, urging policy and insurance reforms to address risks in an aging society.
#YonhapInfomax #ElderlyDrivers #InsuranceResearchInstitute #LicenseRenewal #SafetyDevices #AccidentPrevention #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=81603

South Korea's Insurance Research Institute urges adoption of index-based insurance to enhance climate resilience, citing rapid payouts and support for renewable energy amid growing climate risks.
#YonhapInfomax
#IndexBasedInsurance #ClimateResilience #InsuranceResearchInstitute #RenewableEnergy #Insurtech
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=78512

South Korea's Insurance Research Institute urges the insurance industry to boost innovation, expand risk coverage, and drive investment to strengthen the nation's social safety net amid demographic changes.
#YonhapInfomax #InsuranceIndustry #InsuranceResearchInstitute #RiskCoverage #Investment #SocialSafetyNet #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=71974

South Korea's Insurance Research Institute recommends recognizing insurance claim rights as public trust assets to ease the fiscal burden of elderly care, supporting President Lee Jae-myung's policy agenda.
#YonhapInfomax #InsuranceResearchInstitute #PublicTrust #InsuranceClaimRights #ElderlyCare #FiscalBurden #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=70887

South Korea's Insurance Research Institute urges insurers to strengthen asset management expertise as fund-type retirement pension reforms gain momentum, highlighting the need for tailored products and enhanced competitiveness.
#YonhapInfomax #RetirementPension #InsuranceResearchInstitute #AssetManagement #FundTypeStructure #SouthKoreaInsurers #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=70889

South Korea's Insurance Research Institute has called for a unified mutual agreement among life insurers, non-life insurers, and general agencies to strengthen self-regulation and restore order in the insurance sales market, as non-exclusive channel sales surge and regulatory blind spots emerge.
#YonhapInfomax #InsuranceResearchInstitute #MutualAgreement #GeneralAgencies #InsuranceSales #MarketOrder #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=70888

South Korea's Insurance Research Institute urges a strategic mix of pension products to ensure stable retirement income as life expectancy rises, highlighting the need for integrated portfolio support and expanded consulting for the elderly.
#YonhapInfomax #PensionProducts #InsuranceResearchInstitute #RetirementIncome #NationalPension #LifeExpectancy #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=66567